Jupiter Research has recently conducted studies on the future of VoIP. The study concluded that sales in the domain will reach an estimate of $5.5 billion by 2007.

This burst of profit is described by analysts as a result of rapid business growth in China and the increasing adoption of VoIP technology in existing western businesses. Some say the echo effect of the equipment purchase boom in 2000 will also play a role in expanding VoIP across the globe.

VoIP is expected to grow rapidly in China, but also in Europe and North America as well.

Further research also suggests that revenues will stabilize after 2007 as foreign markets become fully developed, and the Y2k echo passes over.

“VoIP has the potential to transform business communications, in terms of call costs, cost of operations and integration with business processes. However, as with other IP based platforms, VoIP is a disruptive technology which will reshape the business communications vendor community,” says author Barry Butler.

VOiP is the solution for the small business owner who wants to run a company from the Home Office. It also will provide opportunity for businesses to allow office workers to have phone connection from home. This will be essential when the U.S. gas prices hit all time highs and it becomes feasible to consider a worker staying home. Hmmm thats an idea?